Market Talk - Thursday, Nov. 17

ASIA:

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 97.73 points or -0.35% to 27,930.57
  • Shanghai decreased 4.55 points or -0.15% to 3,115.43
  • Hang Seng decreased 210.82 points or -1.15% to 18,045.66
  • Kospi decreased 34.55 points or -1.39% to 2,442.90
  • ASX 200 increased 13.50 points or 0.19% to 7,135.70
  • SENSEX decreased 230.12 points or -0.37% to 61,750.60
  • Nifty50 decreased 65.75 points or -0.36% to 18,343.90

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00864 or -1.28% to 0.66523
  • NZDUSD decreased 0.00607 or -0.99% to 0.60863
  • USDJPY increased 1.209 or 0.87% to 140.597
  • USDCNY increased 0.06813 or 0.96% to 7.17533

Precious Metals:

  • Gold decreased 16.77 USD/t oz. or -0.95% to 1,757.00
  • Silver decreased 0.645 USD/t. oz or -3.00% to 20.830

Some economic news from last night:

Japan:

Adjusted Trade Balance decreased from -2.04T to -2.30T

Exports (YoY) (Oct) decreased from 28.9% to 25.3%

Trade Balance (Oct) decreased from -2,094.3B to -2,162.3B

Australia:

Employment Change (Oct) increased from -3.8K to 32.2K

Full Employment Change (Oct) increased from 10.9K to 47.1K

Unemployment Rate (Oct) decreased from 3.5% to 3.4%

New Zealand:

PPI Input (QoQ) (Q3) decreased from 3.1% to 0.8%

Some economic news from today:

China:

FDI (Oct) decreased from 15.60% to 14.40%

India:

M3 Money Supply decreased from 9.1% to 7.8%

Hong Kong:

Unemployment Rate (Oct) decreased from 3.9% to 3.8%

EUROPE/EMEA:

The major Europe stock markets had a mixed day:

  • CAC 40 decreased 31.10 points or -0.47% to 6,576.12
  • FTSE 100 decreased 4.65 points or -0.06% to 7,346.54
  • DAX 30 increased 32.35 points or 0.23% to 14,266.38

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00657 or -0.63% to 1.03278
  • GBPUSD decreased 0.01231 or -1.03% to 1.17920
  • USDCHF increased 0.0106 or 1.12% to 0.95490

Some economic news from Europe today:

Euro Zone:

Core CPI (YoY) (Oct) increased from 4.8% to 5.0%

CPI (YoY) (Oct) increased from 9.9% to 10.6%

CPI (MoM) (Oct) increased from 1.2% to 1.5%

US/AMERICAS:

St. Louis Fed President James Bullard stated that rate hikes have only had a “limited” effect on inflation thus far. Bullard, who is a voting member on the Federal Open Market Committee, said they will need to implement additional restrictive policies to combat the problem. In fact, Bullard said 5% may be a low estimate for where rates should go, noting that they may reach 7%.

US Market Closings:

  • Dow declined 7.51 points or -0.02% to 33,546.32
  • S&P 500 declined 12.23 points or -0.31% to 3,946.56
  • Nasdaq declined 38.7 points or 0.35% to 11,144.96
  • Russell 2000 declined 14.04 points or -0.76% to 1,839.12

Canada Market Closings:

  • TSX Composite declined 73.38 points or -0.37% to 19,884.58
  • TSX 60 declined 2.93 points or -0.24% to 1,207.24

Brazil Market Closing:

  • Bovespa declined 540.55 points or -0.49% to 109.702.78

ENERGY:

The oil markets had a mixed day today:

  • Crude Oil decreased 3.738 USD/BBL or -4.37% to 81.852
  • Brent decreased 2.933 USD/BBL or -3.16% to 89.927
  • Natural gas increased 0.1885 USD/MMBtu or 3.04% to 6.3885
  • Gasoline decreased 0.0725 USD/GAL or -2.89% to 2.4355
  • Heating oil decreased 0.1207 USD/GAL or -3.34% to 3.4929

The above data was collected around 11:55 EST on Thursday

  • Top commodity gainers: Natural Gas (3.04%), Lumber (0.47%), Milk (0.29%) and Iron Ore 62% fe (0.81%)
  • Top commodity losers: Crude Oil (-4.37%), Brent (-3.16%), Palm Oil (-4.28%) and Palladium (-3.49%)

The above data was collected around 12:07 EST on Thursday.

BONDS:

Japan 0.255%(+1bp), US 2’s 4.46% (+0.100%), US 10’s 3.7620% (+6.8bps); US 30’s 3.88% (+0.023%), Bunds 2.015% (+1.4bp), France 2.491% (+0.2bp), Italy 3.926% (-1.5bp), Turkey 11.51% (-7bp), Greece 4.287% (+2.2bp), Portugal 2.991% (+0.8bp); Spain 3.055% (+2.4bp) and UK Gilts 3.200% (+5.7bp).


More By This Author:

Market Talk - Wednesday, Nov. 16
Market Talk - Tuesday, Nov. 15
Market Talk - Monday, Nov. 14

Disclosure: None.

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